In July of 2020, the Big Sky Community Housing Trust (BSCHT) became an independent nonprofit that supports Big Sky’s local economy and enhances the character of the community by improving the availability of affordable housing for local residents.
BSCHT created a first for the community by constructing and selling MeadowView, a deed restricted condominium development for local workers. Additionally, BSCHT works to increase affordable rental opportunities for the community’s workforce.
Concerning statistics from recent reports from the Big Sky area:
Increase of average sales price for single family homes.
From $1,681,667 in 2018 to $2,444,868 in 2020.
Increase of average sales price for condos/townhomes.
From $604,000 in 2018 to $1,044,886 in 2020.
The completion of MeadowView, Big Sky’s first community land trust development funded largely by Resort Tax, is slated for spring of 2021.
All 52 condos are sold or under contract by employees working in Big Sky.
Many MeadowView buyers received funding from BSCHT’s down payment assistance program, which loans up to $20,000 to buyers that they return at resale. The program then recycles the funds by making them available to the next buyer.
Support Local Housing
There is no quick answer to address the lack of affordable homes for Big Sky locals, a common problem in other resort towns. However, our community can still take action, which is the mission of the Big Sky Community Housing Trust.
Media and Documents
A collection of media articles and our most helpful documents and presentation files.